Thursday, March 12, 2009
Tonight's HW
After you view this presentation, answer the questions below:
What economic factors and conditions made the American economy appear prosperous in the 1920s?
What were the basic economic weaknesses in the American economy in the late 1920s?
What events led to the stock market crash of October 1929?
What were the effects of the crash on the economy of the United States and the world?
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9 comments:
1. The earnings for automakers and those who made auto parts went well. The U.S. gross national product rose 40%. 5% around the overall employment stayed the same between 1923-1929.
2. Coal miners and farmers were very hard hit, but by 1929 over 70 percent of U.S. families had too low an income for a good standard of living.
3. On Thursday, October 24, 1929, some nervous investors began selling their stocks and others followed, creating a huge sell-off with no buyers.
Domenico
1. The economic factors and conditions that made the American economy appear prosperous in the 1920s were…U.S. gross national product, or total value of all goods and services, rose 40 percent, unemployment remained low, people enjoyed buying things and going to movies. The stock market was also doing well.
2.The basic economic weaknesses in the American economy in the late 1920s were…. the raising prices didn’t allow people to save any money, people reached or exceeded their credit limit and The wealthiest one percent of the population’s income grew 75 percent, but the average worker saw under a 10 percent gain.
3. The events that led to the stock market crash of October 1929 were…people buying stocks on loans, the nation’s central bank, worried about the nation’s interest in stock and decided to make it harder for brokers to offer margin loans to investors, and the buying continued to rise.
4. The effects of the crash on the economy of the United States and the world were... To repay the loans, investors were forced to sell their stocks for far less than they had paid, triggered a banking crisis, as frightened depositors rushed to withdraw their money, draining the bank of funds failures drove many banks out of business, people lost their homes, and everything they had. Some people even endded up on the streets digging in garbage cans for food.
Anastasia Ioannou Pd 2
1. Some economic factors and conditions that made the American economy appear prosperous in the 1920s were that some products and total value of all goods and services rose and the economy performed well.
2.Some basic economic weaknesses in the American economy in the late 1920s were that there were uneven distribution of wealth and people couldn't afford certain things.
3. Some events that led to the stock market crash of October 1929 was that investors were buying buying stocks with loans from stockbrokers, intending to pay brokers back (when they sold the stock). As the market rose, brokers required less of investors’ money, for stocks.
Buying on margin was risky, because some stocks would leave investors in debt with no money.
4. Some of the effects of the crash on the economy of the United States and the world were that many investors owed enormous amounts of money to their brokers, when investors couldn’t repay margins, banks lost money, and this drove banks out of business.
-Gabriela Varas
period 2
class 902
USHISTORY HOMEWORK
1.the total number of goods and services rose by 40 percent.
2.one was the uneven wealth being distibuted, also for americans any rising in prices swallowed up the income for them.
3.people were beggining to see trouble as consumer purchasing fell and rumors of a collaps circulated.
4. the stock market crash led to the great depression.
-isabela janashvili
period 4
brent owens
1) Between 1922 and 1928 the U.S. gross national product, or total value of all goods and services, rose 40 percent. Though farmers and some other workers didn’t benefit, the overall economy performed well, especially for automakers and those who made auto parts. Overall unemployment remained low, averaging around five percent between 1923 and 1929.
2)For most Americans, rising prices swallowed up any increase in salary. Coal miners and farmers were very hard hit, but by 1929 over 70 percent of U.S. families had too low an income for a good standard of living.
3)On Thursday, October 24, 1929, some nervous investors began selling their stocks and others followed, creating a huge sell-off with no buyers. Stock prices plunged, triggering an even greater panic to sell. Toward the end of the day, leading bankers joined together to buy stocks and prevent a further collapse, which stopping the panic through Friday.
4) The fragile economies of Europe were still struggling from World War I. They had borrowed a great deal of money from American banks that the banks now wanted back.
Though some thought the market would rally, countless individual investors were ruined.
Margin buyers were hit the hardest, because brokers demanded they pay back the money they had been loaned.
To repay the loans, investors were forced to sell their stocks for far less than they had paid, and some lost their entire savings making up the difference.
1. The economic and conditions that made the American economy appear prosperrous in thr 1920s was for many reasons
-Between 1922 and 1928 the U.S. gross national product, or total value of all goods and services, rose 40 percent.
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Though farmers and some other workers didn’t benefit, the overall economy performed well, especially for automakers and those who made auto parts.
-Union membership slowed as employers expanded welfare capitalism programs, or employee benefits.
-This feeling of prosperity encouraged workers to buy new products and enjoy leisure activities such as movies
2.The basic economic weakness was thatThe wealthiest one percent of the population’s income grew 75 percent, but the average worker saw under a 10 percent gain.
For most Americans, rising prices swallowed up any increase in salary.
Coal miners and farmers were very hard hit, but by 1929 over 70 percent of U.S. families had too low an income for a good standard of living.
Four out of every five families couldn’t save any money during the so-called boom years.
Credit allowed Americans to buy expensive goods, but by the end of the decade many people reached their credit limits, and purchases slowed.
Warehouses became filled with goods no one could afford to buy.
3.The events that led to the stock market crash pf October 1929 were that the fragile economies of Europe were still struggling from World War I. They had borrowed a great deal of money from American banks that the banks now wanted back.
4. The effects of the crash on the ecomomic of the US and the world was With U.S. buying power down, foreign businesses were less able to export their products and were forced to fire workers.
Governments tried to protect themselves by passing high. tariffs, making foreign goods.
Allison OHagan
Period 2
The economic factors and conditions that made the American economy appear prosperous were the increase in gross natural production, low unemployment, and a strong stock market.
Economic weaknesses in the economy were the unequal distribution of wealth and rising prices swallowed any form of income.
Using credit to buy stocks and consumer purchases decrease led to the crash of the market.
The effects of the crash on the economy of the U.S was crushed businesses, cut spending, & unemployment rising. The rest of the world, like Europe also suffered; especially since they were stillr ecovering from WWI. Less exports were made and the U.S banks were asking for the money that had been borrowed.
Crystal S.
Period 4
What economic factors and conditions made the American economy appear prosperous in the 1920s?
The economic factors and conditions that made the American economy appear prosperous in the 1920’s is the overall unemployment that remained low, averaging around five percent between 1923 and 1929. The union membership slowed as the employers expanded welfare capitalism programs or the employee benefits. In the 1920’s the stock markets performed very well. A stock market is where people buy stocks or shares, in companies. The steep rise in stock prices made people think the market would never drop and more ordinary Americans bought stocks than ever before. In 1920 the number of shares rose from 318 million and over to 1 billion in 1929. People were encouraged to buy new products and enjoy leisurely activities.
What were the basic economic weaknesses in the American economy in the late 1920s?
The basic economic weaknesses in the 1920’s were for most Americans, rising prices swallowing up any increase in salary. The uneven distribution of money where the wealthiest received a much higher percentage of income growth than the average worker was an isssue. Coal miners and farmers were very hard hit, but by 1929 over 70 percent of U.S. families had too low an income for a good standard of living. Credit allowed Americans to buy expensive goods, but by the end of the decade many people reached their credit limits, and purchases slowed. Warehouses became filled with goods no one could afford to buy.
What events led to the stock market crash of October 1929?
The events that led to the stock market crash of October 1929 started when investors started buying stocks with loans from stockbrokers. The investors planned on paying back the stockbrokers when they sold their stocks. As the market rose, investors did not need to borrow as much money from stockbrokers. When the stocks fell it left many investors broke and they were not able to pay back the loans. Many Americans reached their limits on credit and purchasing slowed. Most American families could not save any money during this time period. Many people began to see trouble as consumer purchasing fell and rumors of a collapse circulated. Stock prices plunged, triggering an even greater panic to sell. The damage was widespread and catastrophic. In a few short days the market had dropped in value by about $16 billion, nearly one half of its pre-crash value.
What were the effects of the crash on the economy of the United States and the world?
The effects of the crash on the economy of the United States and the world are that some people thought that the market would rally, countless individual investors were ruined. Margin buyers were hit the hardest; because brokers demanded they pay back the money they had been loaned. The crash triggered a banking crisis, as frightened depositors rushed to withdraw their money, draining the bank of funds. Many banks themselves had invested directly or indirectly in the stock market by buying companies’ stocks or by lending brokers money to loan to investors on margin. Unemployed workers had even less money to make purchases, and the cycle continued. In the year after the crash, American wages dropped by $4 billion and nearly 3 million people lost their jobs. The fragile economies of Europe were still struggling from World War I. They had borrowed a great deal of money from American banks that the banks now wanted back.
1.The economic factors and conditions that made the American economy appear prosperous in the 1920s was U.S gross national product and total value of all goods and services. it rose 40% and unemployment remained low
2.The basic economic weaknesses in the American economy in the late 1920s was the uneven wealth being distributed and the raising in prices for the Americans
3.Some investors were buying buying stocks with loans from stockbrokers.
4.Many people borrowed money from banks that they couldn't afford to pay back.
Phillip Per.2
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